The Unexpected Rise of North Korea’s Economy

平壤街头竟然堵车了?制裁下的朝鲜正悄悄变富!

Big Take

2026-08-19

26 分钟
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North Korea was supposed to be broke and isolated. Now, it’s enjoying an unexpected economic boom. On today’s Big Take Asia podcast, Bloomberg’s Cat Barton and host K. Oanh Ha unpack North Korea’s shift from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances. Read more: Kim Jong Un Flouted Sanctions to Amass $22 Billion WindfallFurther listening: North Korea’s Nuclear Program Reaches Tipping Point for the US Watch, from Originals: Why Sanctions Aren’t Stopping North Korea See omnystudio.com/listener for privacy information.
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  • Bloomberg Audio Studios: Podcasts, radio, news.

  • North Korea's economy is one of the smallest and most isolated in the world.

  • But right now, it's growing fast.

  • South Korea's central bank estimates North Korea's economy grew for a third straight year in 2025.

  • That's despite international sanctions aimed at limiting the regime's access to money.

  • And signs of North Korea's newfound prosperity are all over the country's capital.

  • The transformation on Pyongyang's streets is remarkable.

  • The city's skyline has been transformed.

  • The streets used to be empty, and now you have traffic jams.

  • There are more privately owned Chinese vehicles.

  • Cat Barton is Bloomberg's Seoul bureau chief.

  • She covers the Korean peninsula and says it's not just the economy that's booming.

  • North Korean leader Kim Jong Un is also having a moment.

  • Kim Jong Un's presence is particularly notable.

  • It is his first foray into international diplomacy since he came into power.

  • The imagery is very, very striking.

  • It's all part of a remarkable turnaround for North Korea and for Kim,

  • who's spent much of his 15 years in power grappling with challenges from international sanctions to global isolation.

  • Then there were the failed talks with President Donald Trump over Kim's nuclear weapons program in 2019.

  • Kim was broke.